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Shanghai to hike minimum wage 10%: report

HONG KONG (MarketWatch) -- Shanghai plans to increase its minimum wage by more than 10% this year, the city's mayor was cited as saying in a Reuters report on Friday. The increase is necessary to help workers' salaries keep pace with soaring food prices ... Source: Marketwatch

Shanghai Looks to Tax to Cool Housing Prices

Unaffordable real-estate is one of the most important factors illustrating the gap between China's growing middle class and its massive population of have-nots, which the ruling Communist Party describes openly as a potential risk to its power. The country ... Source: Wall Street Journal

Shanghai Forte Climbs On Buyout Offer By Billionaire’s Investment Company

Shares in Hong Kong-listed real estate developer Shanghai Forte Land climbed by 20% in trading today after the company’s main shareholder offered to buy shares that it doesn’t currently own in a transaction worth as much as $328 million. Fosun ... Source: Forbes (blog)

Shanghai Resorts to Property Tax to Stem Prices

SHANGHAI—Shanghai's mayor on Friday said the city will impose a controversial tax on property, a move by China's richest city that may be rolled out nationally as authorities scout for new ways to cool housing prices. Mayor Han Zheng told a rare press ... Source: Wall Street Journal

Shanghai Stocks Take Hit as Investors Prepare for Tightening

Chinese investors sure didn’t like those double-digit economic growth numbers today. Reuters An electronic board shows stock information at a brokerage house in Taiyuan, Shanxi province, China. The Shanghai Composite dropped nearly 3% to 2677.65 and is ... Source: Wall Street Journal

Shanghai Surprise: Don't Sweat Global Test Data

Concern about falling behind internationally is one of America's most popular education anxieties. This week's visit by Chinese President Hu Jintao — plus all the chatter about Amy Chua's new book on why Chinese-style "tiger moms" raise more successful ... Source: Time

Now is right time to launch int'l board -Shanghai mayor

SHANGHAI Jan 21 (Reuters) - The mayor of Shanghai said on Friday now was the right time to launch an international board for foreign companies to list. "I am also looking forward to the launch of the international board. If you ask me whether it's a right ... Source: Reuters

Shanghai Plans $606 Million Subway Line for Disney Theme Park

Shanghai plans to spend 3.99 billion yuan ($606 million) to build a subway line for a Walt Disney Co . theme park in the city’s Pudong area, the municipal government said in a statement seeking feedback from the public. Construction for the 9.2-kilometer ... Source: Bloomberg

Flights Grounded in Shanghai as More Snow Predicted

Jan. 20 (Bloomberg) -- Heavy snow grounded flights in Shanghai as more snowfall is predicted for China’s southern region, disrupting travel during the busiest period leading up to the Lunar New Year next month. Ice and snow-removal operations are ... Source: BusinessWeek

Shanghai's 'Side-Ways' Movement to Stay for A Bit: Charts

Since their remarkable recovery in 2009, China's stock markets have since been characterized by a long drawn-out sideways movement punctuated by rapid rallies and equally precipitous falls. Many of these have been initiated by changes in Government policy ... Source: CNBC